Willard C. Butcher

Willard C. Butcher

Willard Carlisle Butcher (October 25, 1926 in Bronxville, New York) worked for Chase Manhattan Bank for 43 years and was its chief executive officer for the last ten before retiring.cite web |url=http://www.brownalumnimagazine.com/november/december_2000/business_and_finance.html |title=Willard C. Butcher '48 |publisher="Brown Alumni Magazine" November/December 2000 issue |accessdate=2008-08-04]

He graduated from Brown University Phi Beta Kappa in 1948. Butcher worked his way up from branch manager to head of Chase's international division, before being promoted in 1972 to president at the age of 46. [cite web |url=http://www.time.com/time/magazine/article/0,9171,878076,00.html?promoid=googlep |title=New President at Chase |publisher="Time" magazine |date=October 23 1972 |accessdate=2008-08-04] In 1981, he was hand-picked by David Rockefeller to succeed him as CEO.cite web |url=http://www.fundinguniverse.com/company-histories/JP-Morgan-Chase-amp;-Co-Company-History.html |title=J.P. Morgan Chase & Co. |publisher=fundinguniverse.com |accessdate=2008-08-04] Rockefeller said of him in "Memoirs", "It's a pleasure to work with Bill". During his tenure, the bank suffered serious losses due to a series of bad loans; the company's board asked Butcher to step down early in favor of his president and chief operating officer, Thomas G. Labrecque.

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